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OTHER INTANGIBLES, NET
 6 Months Ended
Jun. 30, 2025
OTHER INTANGIBLES, NET  
OTHER INTANGIBLES, NET

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11. OTHER INTANGIBLES, NET

Intangible assets are amortized over their legal or estimated useful life. The following table provides a summary of the gross carrying value and accumulated amortization by each major intangible class as of June 30, 2025, and December 31, 2024:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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June 30, 2025

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​

December 31, 2024

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​

Estimated Useful Life (in years)

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​

Gross
Carrying
Amount

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​

Accumulated Amortization

​

​

Gross
Carrying
Amount

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​

Accumulated Amortization

(in thousands)

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​

​

​

​

​

​

​

​

​

​

​

​

​

Finite-lived Intangibles:

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​

​

​

​

​

​

​

​

​

​

​

​

​

Customer relationships

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10

​

$

96,800

​

$

(4,170)

​

$

10,000

​

$

(1,500)

Trade names and trademarks

​

10

​

​

13,619

​

​

(1,211)

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​

3,519

​

​

(799)

Software licenses

​

3

​

​

5,350

​

​

(3,253)

​

​

5,350

​

​

(2,727)

​

​

​

​

$

115,769

​

$

(8,634)

​

$

18,869

​

$

(5,026)

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During the second quarter of 2025, the Company acquired intangible assets; see Note 3 for additional details related to the intangible assets acquired.

Amortization expense for each of the periods presented follows:

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​

​

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​

​

​

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​

​

​

​

​

​

Three months ended

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Six months ended

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June 30, 

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June 30, 

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2025

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2024

    

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2025

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​

2024

(in thousands)

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​

​

​

​

​

​

​

​

​

​

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Amortization of finite-lived intangible assets

​

$

3,017

​

$

422

​

$

3,610

​

$

945

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Estimated future amortization expense based on balances as of June 30, 2025, were as follows: $6.0 million for the remainder of 2025 and approximately $12 million for the years 2026 through 2029.